A remark on K-theory and S-categories

It is now well known that the K-theory of a Waldhausen category depends on more than just its (triangulated) homotopy category (Invent. Math. 150 (2002) 111). The purpose of this note is to show that the K-theory spectrum of a (good) Waldhausen category is completely determined by its Dwyer–Kan simplicial localization, without any additional structure. As the simplicial localization is a refined version of the homotopy category which also determines the triangulated structure, our result is a possible answer to the general question: “To which extent K-theory is not an invariant of triangulated derived categories? ”